9,017 Shares in Republic Services, Inc. $RSG Acquired by Keebeck Wealth Management

Keebeck Wealth Management bought a new stake in shares of Republic Services, Inc. (NYSE:RSG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,017 shares of the business services provider’s stock, valued at approximately $1,921,000.

Other large investors have also recently made changes to their positions in the company. Bridgewater Advisors Inc. bought a new stake in shares of Republic Services in the 2nd quarter valued at about $535,000. iA Global Asset Management Inc. lifted its position in Republic Services by 18.5% during the fourth quarter. iA Global Asset Management Inc. now owns 64,200 shares of the business services provider’s stock valued at $13,606,000 after acquiring an additional 10,000 shares during the last quarter. Norges Bank acquired a new stake in Republic Services in the fourth quarter valued at approximately $617,165,000. Varma Mutual Pension Insurance Co grew its holdings in Republic Services by 25.6% in the fourth quarter. Varma Mutual Pension Insurance Co now owns 67,178 shares of the business services provider’s stock worth $14,237,000 after purchasing an additional 13,700 shares during the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its position in shares of Republic Services by 14.0% during the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 207,272 shares of the business services provider’s stock worth $43,927,000 after purchasing an additional 25,505 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Citigroup raised their price objective on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Barclays upped their target price on Republic Services from $233.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Argus downgraded Republic Services from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Morgan Stanley set a $232.00 price target on Republic Services in a research note on Friday, August 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Republic Services in a report on Friday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and a consensus price target of $245.26.

Insider Transactions at Republic Services

In related news, Director Sandra M. Volpe sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total value of $380,304.00. Following the sale, the director owned 58 shares in the company, valued at $12,254.24. This represents a 96.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Cascade Investment, L.L.C. purchased 178,844 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was acquired at an average price of $222.51 per share, for a total transaction of $39,794,578.44. Following the acquisition, the insider owned 112,403,625 shares in the company, valued at $25,010,930,598.75. This trade represents a 0.16% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 1,599,643 shares of company stock valued at $346,519,404 in the last ninety days. Corporate insiders own 0.12% of the company’s stock.

Republic Services Price Performance

Shares of RSG opened at $220.45 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.64 and a quick ratio of 0.64. The company’s fifty day moving average price is $214.96 and its 200-day moving average price is $215.05. Republic Services, Inc. has a 1-year low of $196.41 and a 1-year high of $237.06. The firm has a market capitalization of $67.50 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 3.59 and a beta of 0.40.

Republic Services (NYSE:RSG) last issued its earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.04. The company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%.The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $1.77 EPS. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. On average, equities research analysts predict that Republic Services, Inc. will post 7.27 EPS for the current year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be paid a $0.67 dividend. The ex-dividend date is Friday, October 2nd. This is a positive change from Republic Services’s previous quarterly dividend of $0.62. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. Republic Services’s dividend payout ratio (DPR) is 35.41%.

Republic Services Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.